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0 Q2 Q,Q, Q Quantity (a) Label the curves. Curve L...... Curve II Curve III Curve IV (b) Does the diagram represent the short-run or

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0 Q2 Q,Q, Q Quantity (a) Label the curves. Curve L...... Curve II Curve III Curve IV (b) Does the diagram represent the short-run or long-run position? Short-run / Long-run (c) Is Pi the long-run equilibrium price? Explain. .....mu

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